Healthy choices: The industry will exhibit robust growth as businesses rapidly adopt wellness programs

The Corporate Wellness Services industry experienced growth over the five years to 2017 as many businesses purchased wellness programs to help lower their healthcare costs. In response to the obesity epidemic, which may increase employer-mandated health insurance costs, many businesses have implemented biometric screening services. During the five-year period to 2022, industry revenue is forecast to grow. Outside studies have shown that wellness programs are a key differentiator for employee recruitment, which will incite some businesses to purchase wellness services to bolster employee retention rates...purchase to read more.

Industry Statistics & Market Size
Revenue
$7bn
Annual Growth 12-17
0.6%
Forecast Growth 17-22
Profit
Employment
46,410
Businesses
528
Market Share of Companies

Industry Threats & Opportunities

  • Companies will increasingly look to wellness services to reduce healthcare costs
  • The efficacy of industry services is largely dependent on employee participation rates
  • Profit is expected to rise as businesses expand the scope of their corporate wellness programs
  • Industry Report - Industry Key Buyers Chapter

    The Corporate Wellness Services industry is characterized by a low level of market share concentration. In 2017, the top four companies are expected to account for less than 23.0% of industry revenue. Overall, the industry is highly fragmented, which can be attributed to many corporate wellness companies solely catering to market niches. In particular, some companies may offer wellness services to nonprofit or public-sector organizations. For instance, Beacon Health Options Inc. benefits from robust demand for behavioral health and wellness services from active duty members, retirees and their families via the Department of Defense's TRICARE program.As a result, if corporate wellness companies can secure contracts to exclusively provide wellness services (e.g. hea...purchase to read more.

    Additional Insights for the Corporate Wellness Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Corporate Wellness Services Industry are

  • Ability to alter goods and services produced in favor of market conditions
  • Provision of superior after sales service
  • Having a good reputation
  • IBISWorld analysts also discuss how external factors such as Corporate profit and Number of people with private health insurance in the Corporate Wellness Services industry impact industry performance..

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    What's in this report

    What is the Corporate Wellness Services Industry?

    This industry includes companies that primarily provide workplace programs that offer a combination of educational, organizational and environmental activities designed to support behavior that is conducive to the health of employees and their families. This does not include programs designed internally by existing human resources personnel.

    Industry Products
  • Health Risk Assessments (HRAs)
  • Nutrition and weight management
  • Smoking cessation
  • Fitness services
  • Alcohol and drug abuse services
  • Stress management
  • Health education services
  • Other services
  • Industry Activities
  • Providing health assessments and screenings
  • Providing education on nutrition and other health related topics
  • Providing fitness classes and services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Corporate profit
  • Number of people with private health insurance
  • Healthy eating index
  • External competition
  • Number of employees

  • Current Performance
  • Businesses aim to cut healthcare costs
  • External competition
  • Chart: Revenue Growth

  • Industry Outlook
  • Regulatory framework
  • Industry structure
  • Table: Corporate Wellness Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Corporate Wellness Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Management of Companies and Enterprises
  • Human Resources & Benefits Administration
  • Public Administration
  • Consumers

  • Key Selling Industries
  • Accounting Services
  • Medical Device Manufacturing
  • Printing
  • Software Publishing
  • Weight Loss Services

  • Products & Services
  • Health Risk Assessments (HRAs)
  • Nutrition and weight management
  • Smoking cessation
  • Fitness services
  • Alcohol and drug abuse services
  • Stress management
  • Health education services
  • Other services
  • Chart: Corporate Wellness Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Large private sector businesses
  • Mid-size private sector businesses
  • Public sector
  • Small private sector businesses
  • Nonprofit organizations
  • Chart: Major Market Segmentation for the Corporate Wellness Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Corporate Wellness Services

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Corporate Wellness Services Industry

  • Industry Globalization
    ComPsych,
  • Table: ComPsych - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Corporate Wellness Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Corporate Wellness Services Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Total health expenditure (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Brick-And-Mortar Store
  • A store that has a physical presence and location, as opposed to an online retailer.
  • Health Assessment
  • An evaluation of the health status of an individual by performing a physical examination after obtaining a health history.
  • Mom-And-Pop Store
  • A business that is owned and operated in a single location with few or no employees other than the owner or owners.
  • Obesity
  • A medical condition in which excess body fat has accumulated to the extent that it may have an adverse effect on health.
  • Spinning
  • A form of high-intensity exercise using a stationary exercise bicycle.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Corporate Wellness Services provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Corporate Wellness Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Corporate Wellness Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Corporate Wellness Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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